The stock market is only about halfway through a bull run that will catapult the S&P 500...

The stock market is only about halfway through a bull run that will catapult the S&P 500 another 60% over the next two to three years, Laszlo Birinyi tells CNBC. "If we cobble together all the long bull markets, we come up with a historical projection of about 2,100 out two or three years from now on the S&P."

Comments (7)
  • Barry Crocker
    , contributor
    Comments (450) | Send Message
    Is that all ?
    23 Mar 2011, 09:46 AM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
    The key word here is "cobble"


    definition of cobble : to make or put together roughly or hastily.
    23 Mar 2011, 09:48 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3506) | Send Message
    My, exactly how sure of herself is she?
    23 Mar 2011, 09:50 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    Much Much too high a projection.....would require a return to old
    consumer spending patterns...ain't gonna happen....
    23 Mar 2011, 09:52 AM Reply Like
  • inthemoney
    , contributor
    Comments (997) | Send Message
    And this comes out right after Fisher's comment about "extaraordinary speculative activity" in the US, lol. In the end it all hinges on the leverage and available liquidity and the cost of money to drive the speculation higher.
    It seems FED cannot go any further with accomodation, leverage at hedge funds is already 20:1 (or so I heard on Bloomberg) , so how much higher the market can actually go?
    60% over 3 years is 20% a year is not actually that high if you work in an inflation of about 5%. Can companies grow earnings 15% ona average next 3 years? I think 5-10% is more realistic, that gives us 30-40% over 3 years but I would expect a few bumps alopng the road.
    23 Mar 2011, 10:02 AM Reply Like
  • User 487974
    , contributor
    Comments (1101) | Send Message
    Bull shit! What about all the evidence of the same nonsense Lazlo during a time of "Great De-leveraging", brought on by over 50 years of excess debt growth. This is not worth the time discussing. People who listen to this balderdash will be wiped out while good ole Lazlo just gets to go "Ooops, my models were slightly off". I would say Lazlo is the one slightly off. My year end S&P target is 589.85! Choke on that you pompous shill!
    23 Mar 2011, 01:21 PM Reply Like
  • kmi
    , contributor
    Comments (4744) | Send Message
    All the superbulls coming out of the woodwork starting to scare me. This guy on Bloomberg "Stephenson" talking $1,700gold $150oil by end of year. I am sitting here saying WTF?
    23 Mar 2011, 05:13 PM Reply Like
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